As of January 5th, HR1489 was renewed for the 113th Congress as HR-129 and the list of co-sponsors was 'reset.' This list only applies to HR1489 and does not apply to HR-129. This list is no longer updated. Click here for the current list of Co-Sponsors to HR-129

June 14, 2011: The New Jersey state AFL-CIO has endorsed. It passed a unanimous voice vote before the state AFL-CIO convention. The resolution states that the national AFL-CIO supports this legislation.

November 19, 2011: The Legislation Committee of the California Democratic Party endorsed HR 1489, the Rep. Kaptur Glass-Steagall bill, as one of the pieces of federal legislation that the entire California Democratic Party has endorsed.

June 11, 2012 - South Union Township of Fayette County, Pennsylvania endorsed the complete LaRouchePAC emergency resolution to restore Glass-Steagall, build NAWAPA XXI and restore the system of public credit.

June 13, 2012 - Factoryville Board of Supervisors, in Clinton Township, Wyoming County, Pennsylvania, voted up and passed the LPAC emergency resolution.

June 14, 2012 - Meshoppen Township Board of Supervisors in Wyoming County, Pennsylvania has endorsed the LPAC emergency resolution.

July 9, 2012 - Slippery Rock Township Board of Supervisors in Lawrence County, Pennsylvania has endorsed the LPAC emergency resolution.

July 9, 2012 - Lackawannock Township Board of Supervisors in Mercer County, Pennsylvania has endorsed the LPAC emergency resolution.

July 17, 2012 - A 17th Pennsylvania municipality has endorsed the restoration of Glass-Steagall through HR 1489. After two months of debate, the Loyalsock Township Board of Supervisors in Lycoming County (north-central PA), passed a resolution, adopting language from a draft resolution circulated by LaRouchePAC, to endorse HR 1489, and a "restoration of the U.S. System of Public Credit to assist in public infrastructure projects."

July 18, 2012 - Jersey City, the second largest city in New Jersey with a population of 247,000, passed a resolution in support of H.R. 1489 to reinstate Glass-Steagall.

July 19th - The Rush Township Board of Supervisors in Schuylkill County, PA (the 17th CD of Rep. Tim Holden) became the 18th Pennsylvannia municipality to endorse the LaRouche PAC Glass-Steagall/NAWAPA XXI emergency resolution.

July 12, 2012 - The Borough of Carteret, NJ passed a resolution in support of H. R. 1489, at the motion of the city's mayor, Daniel Reiman.

During Bloomberg TV's June 5th, 2012 interview with former Treasury TARP Inspector General Neil Barofsky and Bail Out Nation author Barry Ritholz, both stated their support of the Glass-Steagall principle.

On June 10, 2012 Former Kansas City Fed chairman Thomas Hoenig writes another strong endorsement of Glass-Steagall, under the headline "No More Welfare for Banks." Saying he has a "proposal to strengthen the US financial system by simplifying its structure and making its more accountable," Hoenig calls for a "Glass-Steagall for today."

Former SEC Chairman Arthur Levitt, interviewed on Bloomberg TV on June 19, 2012 concerning Jamie Dimon's Congressional testimony, once again confessed: "Clearly, I regret my support of doing away with Glass-Steagall." Levitt said that the Volcker Rule would not have prevented the market meltdown, and he termed the Dodd-Frank bill "a huge mistake."

On June 20, 2012 in a UPI column titled "Averting Another Financial Meltdown", Harlan Ullman, regarded as the author of the "shock & awe" military doctrine, calls for the restoration of Glass-Steagall.

Roddy Boyd, the author of Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide, was interviewed on ValueWalk.com on June 20, 2012 and states "Glass-Steagall, or some like-minded separator of commercial and investment banks, should be promptly reinstated, as our regulators and policy leaders have demonstrated an unwillingness to let these institutions die."

Federal Deposit Insurance Corporation vice-chairman Thomas Hoenig told Bloomberg Radio on June 26, 2012 that a revival of the Glass-Steagall Act is "absolutely necessary" to protect the U.S. financial system. Hoenig's "absolutely necessary" quote and other comments have been covered all over the U.S.

July 25, 2012 - During an appearance on CNBC's Kudlow Report, former TARP inspector general Neil Barofsky called for an up-to-date version of Glass-Steagall.

July 26, 2012 - In an editorial "The Big Banker's Change of Heart" on how banker Sanford Weill remarkably converted to supporting restoration of Glass-Steagall, the New York Times announces, "We do, too."

July 27, 2012 - Los Angeles Times runs an editorial, "Breaking up the megabanks", urging Congress to act to protect the nation from another banking meltdown with Glass-Steagall, not the Volcker Rule.

New York Times publishes an op-ed by David Stockman, head of the Office of Management and Budget during the Reagan era (1981-1985), that attacks the Ryan-Romney "fairy-tale" budget plan and calls for the restoration of Glass-Steagall.

August 10, 2012 - Chris Farrell, the economics editor of Marketplace.org, delivered a strong endorsement of Glass-Steagall stating that the Dodd-Frank legislation should be put out of it's misery and replaced with the Glass-Steagall Act.

Special Letters of Endorsement:

June 15, 2011-- Michael W. Sperry, Commercial Banker (Retired), sent a letter through the banking community demanding the restoration of Glass Steagall.

France: Since August 2011 the whole Socialist party supports Glass-Steagall in their party program, instructing all candidates to speak for in the election next year.

Germany: Helga Zepp-LaRouche, chairwoman of the BueSo party. Mrs. LaRouche issued a call for a Global Glass-Steagall System on Aug. 12, 2011, which has been signed by a number of political leaders, professionals, economists, and entrepreneurs from Germany and Austria, among other nations. The call and list can be found at www.schillerinstitute.org.

Great Britain: {Daily Telegraph} economic columnist Liam Halligan has repeatedly called for reinstatement of Glass-Steagall.

Italy: Senator Oskar Peterlini (Sudtirol Volks Partei-SVP) submitted a resolution into the Italian Senate calling for the restoration of a Glass-Steagall system on June 17, 2010. It was cosponsored by 14 other Senators, from both majority and minority parties.

Italy: Deputy Chairman of the Finance Committee of the Italian Chamber of Deputies Sergio D'Antoni endorsed Glass-Steagall in an interview with {EIR} on July 30, 2011.

Sweden: Swedish parliamentarians Valter Mutt and Annika Lillemets, of the Environmental party, submitted a motion in the parliament for Glass-Steagall on Oct. 4.

Sweden: Parliamentarians Ulla Andersson and Jonas Sjostedt published an oped for Glass-Steagall in the newspaper {Goteborgsposten} on August 10.

Switzerland: Leaders of the Swiss People's Party and the Social Democrats have called for, and introduced legislation, for splitting commercial from investment banks, with specific reference to the Glass-Steagall precedent. So far, the legislation has been defeated.

July 26, 2012 - Finance Watch, an international association formed in 2010 by 22 members of the European Parliament to reform financial regulation and present proposals to the public and to lawmakers, has published a list "Who are the senior bankers calling for separation?"

Germany: August 10, 2012 - Deutsche Welle, the official international broadcasting agency of the German government, ran a lengthy article announcing boldly that Glass-Steagall "is on the table in the United States and Germany."

Powerful British Faction Moves For Glass-Steagall Reform

July 1, 2012 - Terry Smith, CEO of Tullett Prebon and of Fundsmith, who had first called for Glass-Steagall in 2008, authors an op-ed published in the Guardian titled "Traders are the ruin of retail banking" and states “The UK and the US must enact a Glass-Steagall Act..."

July 1, 2012 – The Scotsman reports on comments made by John Thurso, a Liberal Democrat who sits on the Treasury select committee, that "I think there is no choice now than to, by law, separate investment banking from retail banking."

July 3rd, 2012 – British MP Jonathan Edwards, Treasury spokesperson for Plaid Cymru (the National Party of Wales), condemned Chancellor George Osbourne's announcement that there won't be a full public inquiry into the Libor scandal and states "There is a structural and cultural problem with the UK banking industry which requires a complete overhaul. Crucially, we need a complete separation of retail and investment banks (Glass-Steagall Act) which goes further than the recommendations of the Vickers Report."

July 4, 2012 – In an editorial entitled "Restoring trust after Diamond" the Financial Times explicitly states that while they had previously supported the Vickers ring-fencing proposal "...we are now ready to go further. For all the diversification benefits, the cultural tensions between investment and retail banking can only be resolved by totally separating the two, on formal Glass-Steagall-style lines...."

July 4, 2012 - In an interview with Jon Snow on Channel 4 News, Lord Paul Myners, former Financial Services Secretary in the Labour government of Gordon Brown, calls for full Glass-Steagall legislation to deal with the corruption of the banks.

July 5, 2012 – The Financial Times, in "Osbourne under pressure on banks" reports that "MPs from all sides are lined up for such a split, modelled on the US Glass-Steagall Act of the 1930s..." and quotes from MPs Andrea Leadsom and Pat McFadden who support bank separation.

July 6, 2012 - In an interview with the Evening Standard, Peter Hambro, scion of the old British merchant bank Hambros, argues that while retail banks should rightly lend to the real economy and therefore operate with a government backed guarantee of deposits, merchant bankers should live off their wits and operate only with unlimited liability, so that if they lose money they are fully liable.

July 6, 2012 - The Daily Mail's Dominick Sandbrook invokes Franklin Roosevelt and the Glass-Steagall Act as a way to save capitalism and the City of London from itself.

July 7, 2012 - Economics Liam Halligan, in a column in the London Telegraph titled "Liborgate could trigger crucial banking reform" gives a strategic accounts of the historical turning point now being reached "Finally, the British political classes are starting to get it. Finally, a head of steam is building. Over the past week, calls to impose a proper division between investment and commercial banking have become louder, more authoritative and part of mainstream debate."

July 8, 2012 - The Financial Times keeps the focus on Glass-Steagall with the posting of a Financial Times 5-minute video: "John Authers' Morning Note" on "Let's talk about the banks", discussing "the case for going back to some sort of Glass-Steagall division between investment banking and retail banking."

July 8, 2012 - Writing in The Guardian under the title "Wall Street's Link to LIBOR," Robert Reich discusses the LIBOR scandal and repeats his demands for an immediate reinstatement of Glass-Steagall. "The alternative is to be unflagging and unflinching in our demand that Glass-Steagall be reinstituted and the biggest banks be broken up."

July 9, 2012 - The Financial Times again calls for Glass-Steagall in the Editorial statement "UK banking policy"

July 24, 2012 - In an editorial in the Financial Times titled "Reforming British banking after Libor" Lord Turner, head of the Financial Services Authority (FSA), is attack because of his opposition to Glass-Steagall.

July 26, 2012 - The lead editorial in the Financial Times "Sandy Weill Stages an Epic Conversion", contains the kicker, "Better to restore Glass-Steagall than a weak Volcker Rule," and congratulates former Citigroup CEO Sandy Weill for his call for a return to Glass-Steagall.

August 12, 2012 - Prominent City of London economist Liam Halligan once again stressed the urgent need to restore Glass-Steagall legislation in a commentary which begins by denouncing the hyperinflationary intentions of ECB president Draghi — intentions only surpassed by those of the Federal Reserve and Bank of England.